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Marilou
Marilou G., age 40, is from the village of Rang-Ayan. She and her husband have three school-aged children. To make a living, Marilou runs a general store, selling a variety of different products in the local community. Marilou has been engaged in her business for over 14 years and earns approximately 10,000 PHP a month for these activities.

In 2006, Marilou joined ASKI to gain access to financial services. She hoped to help improve her living situation and increase her ability to engage in business activities. Marilou has successfully repaid a previous loan of 20,000 PHP from ASKI. This previous loan was used to purchase additional products to sell. Marilou is now requesting a new loan of 25,000 PHP, which will be used to purchase new items, with the goal of expanding her store's product offering. This loan will be the ninth loan taken out by Marilou from ASKI. She plans to use the additional revenue generated from the business to pay the tuition fees of her children.

About ASKI:

ASKI is one of the most successful microfinance institutions in the Philippines. It has 29 branches covering the Central and Northeastern areas. Its clients are mostly of farmers, fisherfolk, and small entrepreneurs.

*Note: To maximize efficiency and reduce costs, this loan was posted using a template to automate the translation by Kiva. Given that manual translation of entrepreneur profiles is costly, Kiva created this template for our Field Partner to allow them to continue to post loans in English while providing quality and accurate information to Kiva lenders.

Additional Information

About Alalay sa Kaunlaran, Inc.

This loan is made possible by Alalay sa Kaunlaran, Inc. (ASKI), which means “a partner in development.” ASKI has been in operation for 25 years and runs multiple successful initiatives in addition to microlending. Its main microfinance branch focuses on lending to microentrepreneurs, small farmers, and fisher folk. ASKI also provides microinsurance and marketing support for borrowers, as well as educational programs to develop the skills of both borrowers and staff. The ASKI Foundation funds community development projects such as a daycare feeding program and scholarships for children. ASKI Global helps overseas Filipinos develop entrepreneurial and financial skills to maximize the impact of remittances.

ASKI’s motto is “Together, let’s make things happen!” Join ASKI's Kiva Lending Team or view its website.

About Philippines

  • $7,000
    Average annual income
  • 1335
    View loans »
    Philippines Loans Fundraising
  • $57,861,200
    Funds lent in using Kiva
  • 46.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Marilou to purchase new items in order to expand her store's product offering.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 19, 2010
Listed
Jul 1, 2010
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2010